Citizens Bank
Private Bank Senior Credit Officer
Citizens Bank, Los Angeles, California, United States, 90079
Description
The Private Bank Senior Credit Officer is responsible for overseeing the credit approval process, assessing credit risk, and ensuring the bank’s lending practices align with regulatory standards and internal policies.
This role plays a critical part in maintaining a high-quality credit portfolio across private banking clients, including high-net-worth individuals, family offices, and select corporate entities, where you will work autonomously and will be recognized as a subject matter expert.
Primary Responsibilities
Evaluate and approve credit proposals, including credit products offered by the Private Bank in the Consumer and Commercial product lines to support Private Banking relationships (verticals, Consumer / Mortgage/HELOC/Custom unsecured HNW / SBL Commercial : C&I/ CRE / Multi Family/ Non for Profit / PE/VC/Manco, following the client approach connecting credit offerings across the Private Bank vertical engaging in opportunities and mitigating credit risk)
Conduct in-depth second line credit risk analysis review of clients’ financial profiles, collateral, and market conditions
Provide independent risk assessments and recommendations for larger or more complex transactions
Monitor and manage the performance and quality of the credit portfolio, identifying early warning signs of deterioration
Establish and maintain credit risk frameworks, policies, and guidelines tailored to high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients
Develop, maintain, and update credit policies and procedures to ensure compliance with regulatory requirements and risk appetite
Collaborate with relationship managers, portfolio managers underwriting teams and legal teams to structure appropriate credit solutions
Provide coaching, guidance, and training
Meet with clients, engage in site visits
Participate in internal and external audits and regulatory reviews and remediation plans
Contribute to risk modeling, and portfolio analytics initiatives as necessary
Liaison to CFG partners for appropriate resourcing and identification of client opportunities to best serve the client, and Citizens organization
Prepare periodic reports for senior management on credit exposures, portfolio quality, and risk trends
While our preference is to have someone in our Los Angeles office - we are open to individuals who can work in either of our Newport or San Diego locations as well.
Experience and Skills
10 or more years of experience in credit with exposure to Private Banking preferable
Strong understanding of private banking products and credit structures
In-depth knowledge of regulatory requirements
Excellent communication, analytical, decision-making, and interpersonal skills
Proven ability to assess complex credit transactions and lead credit discussions
Hours & Work Schedule
Hours per Week: 40
Work Schedule: Monday through Friday
Pay Transparency The salary range for this position is $225,000- $275,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
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This role plays a critical part in maintaining a high-quality credit portfolio across private banking clients, including high-net-worth individuals, family offices, and select corporate entities, where you will work autonomously and will be recognized as a subject matter expert.
Primary Responsibilities
Evaluate and approve credit proposals, including credit products offered by the Private Bank in the Consumer and Commercial product lines to support Private Banking relationships (verticals, Consumer / Mortgage/HELOC/Custom unsecured HNW / SBL Commercial : C&I/ CRE / Multi Family/ Non for Profit / PE/VC/Manco, following the client approach connecting credit offerings across the Private Bank vertical engaging in opportunities and mitigating credit risk)
Conduct in-depth second line credit risk analysis review of clients’ financial profiles, collateral, and market conditions
Provide independent risk assessments and recommendations for larger or more complex transactions
Monitor and manage the performance and quality of the credit portfolio, identifying early warning signs of deterioration
Establish and maintain credit risk frameworks, policies, and guidelines tailored to high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients
Develop, maintain, and update credit policies and procedures to ensure compliance with regulatory requirements and risk appetite
Collaborate with relationship managers, portfolio managers underwriting teams and legal teams to structure appropriate credit solutions
Provide coaching, guidance, and training
Meet with clients, engage in site visits
Participate in internal and external audits and regulatory reviews and remediation plans
Contribute to risk modeling, and portfolio analytics initiatives as necessary
Liaison to CFG partners for appropriate resourcing and identification of client opportunities to best serve the client, and Citizens organization
Prepare periodic reports for senior management on credit exposures, portfolio quality, and risk trends
While our preference is to have someone in our Los Angeles office - we are open to individuals who can work in either of our Newport or San Diego locations as well.
Experience and Skills
10 or more years of experience in credit with exposure to Private Banking preferable
Strong understanding of private banking products and credit structures
In-depth knowledge of regulatory requirements
Excellent communication, analytical, decision-making, and interpersonal skills
Proven ability to assess complex credit transactions and lead credit discussions
Hours & Work Schedule
Hours per Week: 40
Work Schedule: Monday through Friday
Pay Transparency The salary range for this position is $225,000- $275,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
#J-18808-Ljbffr